Macmahon Holdings Limited
(ASX:MAH) is being awarded two overseas quarrying contracts for the French cement company, ‘Larfarge’ with a combine value of US$140 million.
The company said they include a six and a half year contract in Nigeria and a five-year contract extension at the Kanthan limestone quarry in Malaysia.
Macmahon says the largest of these project awards is Ewekoro in Nigeria. Its valued at US$105 million, and would see Macmahon undertake overburden removal and limestone quarrying at the existing cement plant, which is also the company ‘s first contract in Africa.
Macmahon reported a 17.16million profit for fiscal 2009.
